SroshMayi

EURUSD - 4H - what is the next area...

FX:EURUSD   Euro / Dollar Américain
EURUSD

The price reached its resistance line which was 1.1013 and now we are waiting for the GDP result, which will affect the market,

the forecast of the GDP remains falling for EURUSD because expected more than the previous result which is 5.00%
releasing more than expectation will support falling to break 1.0930 to get 1.0841
but if the release less than expected, will support rising to break 1.1013 to get 1.1077

So, the price will try to touch 1.1013 and then will drop to touch 1.0930,

Pivot Price: 1.0930
Resistance prices: 1.1013 & 1.10770 & 1.1230
Support prices: 1.0840 & 1.0767 & 1.0680

The movement range will be between 1.1230 and 1.0840

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